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City of Corinth has an outstanding bond with a yield to maturity of 1 0 . 4 9 percent, an 1 1 . 5 3

City of Corinth has an outstanding bond with a yield to maturity of 10.49 percent, an 11.53 percent annual coupon, a $1,000 face value, and a maturity date 12 years from today. What is the current yield (in percents)?

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